Coinbase One Card Rates and Fees & Cardholder Agreement

Coinbase One Card Rates and Fees & Cardholder Agreement, as filed by First Electronic Bank, carries a purchase APR of 19.49%–29.49% and no annual fee. The purchase rate sits at roughly the 70th percentile of the 4,587 agreements indexed here.

On the face of the filing

What follows is drawn entirely from First Electronic Bank's CFPB filing for Coinbase One Card Rates and Fees & Cardholder Agreement. It is issued on the Amex network and the filing runs 44 pages.

Terms captured from the document include a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. It is silent on a balance transfer rate and a penalty rate.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 19.49% to 29.49%, a spread of 10 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 59th percentile of filed purchase rates; the ceiling sits at about the 70th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What a balance actually costs

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $514 in interest.

On a median-priced agreement from this index (21.99%) the same $1,500 would run about $369 a year, so this card costs in the region of $145 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $36.79.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

The downside terms

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

Charges beyond interest

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

For cash advances the filing discloses a cash advance APR of 32.24%. The premium over purchases is 2.75 percentage points. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The filing sets a 5% foreign transaction fee, which adds roughly $100 to $2,000 spent outside the United States.

That is at the high end of this corpus — around the 99th percentile of disclosed foreign transaction fees.

The no-interest path

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The typical filing here allows 25 days, so this one is tighter than most.

Inside First Electronic Bank's filed lineup

This is one of 23 First Electronic Bank agreements collected here. Across that lineup purchase rates span 29.49% to 35.99%; this filing's 29.49% sits above 0 of the comparable ones.

12 of the issuer's other 18 disclosing filings are likewise fee-free.

What the filing does not tell you

Absent from the captured terms: balance transfer terms and penalty pricing. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

This filing was also long enough to be truncated during processing, so later pages of the agreement were not read at all.

Go to the source

This summary stands or falls on the linked PDF — 44 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 29.49% on purchases is near enough to typical.